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3 BIG Spore banks ....:))
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Adrianinsing
Elite |
05-Nov-2021 10:15
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I have to admit that my enthusiasm for banks post results was misplaced
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Adrianinsing
Elite |
05-Nov-2021 10:12
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Dead cat bounce on UOB DBS and OCBC v disappointing
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FATABA
Supreme |
05-Nov-2021 09:57
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Things has turned to the favour of UOB .....w opening and Asian coming back ....hopefully UOB will play catch up over the mth weeks ..to $28 . OCBC shld still recover above $12 when Spore open up more DBS watch after 12th Nov /xd 33c , Price is high above 32 Dyodd
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Adrianinsing
Elite |
05-Nov-2021 09:33
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The write back was a surprise for DBS price seems not as strong as I had thought so far
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investshare
Supreme |
05-Nov-2021 08:56
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Profit before allowance is $1,893m vs 2020q3 $2,038m. Drop 7%. It is the write back that save the day.
https://links.sgx.com/FileOpen/3Q21_trading_update.ashx?App=Announcement&FileID=689561
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FATABA
Supreme |
05-Nov-2021 08:49
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DBS result out finally....as expected no change in dividend 33c Could be a non event and price may drop back after xd on 12th Nov Surprise was a write back of 138M provision ....and non interest profit actually drops DBS result need careful analysis .@above $32 Dyodd |
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FATABA
Supreme |
03-Nov-2021 16:13
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UOB Group has reported net profit after tax (NPAT) or net earnings of $1.05 billion, representing a 57% growth y-o-y and a 4% q-o-q increase for the 3QFY2021 ended September. The higher earnings were due to sustained income momentum and stabilising credit outlook, said the bank in their 3QFY2021 business update on Nov 3. The group&rsquo s performance for the quarter was also due to its growth engines of connectivity, digital and sustainability capabilities. 3QFY2021 net interest income improved 9% y-o-y and 2% q-o-q to $1.60 billion, while net fee income grew by 15% y-o-y and dipped 1% q-o-q at $589 million. The growth in net interest income (NII) was led by healthy loan growth coupled with a 2-basis point increase in net interest margin (NIM) to 15.5%. Oversea-Chinese Banking Corporation has reported a total income of $2.56 billion for 3QFY2021, up 1% y-o-y. However, partly due to lower allowances, the bank&rsquo s earnings for the same quarter was up 19% y-o-y to $1.22 billion. For the quarter, net interest income grew 3% to $1.46 billion, underpinned by a 4% increase in average loan volumes, which was partly offset by a 2 basis points decline in net interest margin. Non-interest income was down 2% y-o-y to $1.1 billion. While fees and insurance were up, trading income dropped by 67% y-o-y, largely due to unrealised mark to market losses in the investment portfolio of Great Eastern Holdings, OCBC&rsquo s insurance subsidiary |
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FATABA
Supreme |
03-Nov-2021 10:31
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Actually after the result of UOB and OCBC , I might plan to continue keeping these 2 banks ... " " gradual reopening of borders bodes well for business flows and we remain positive of strong activities along the Greater China-Asean trade corridors,& rdquo UOB Chief Executive Officer Wee Ee Cheong said" " " " " OCBC CEO Helen Wong said the bank remains & ldquo positive on the long-term outlook but are watchful of the near-term headwinds" " " Both see good near 10% ROE , and expecting they up their book value . Maybe full yr profit wld include a special dividend .....which is possible . Dyodd Happy investing.
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gslgsl
Senior |
03-Nov-2021 10:11
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Top Singapore Banks Cautiously Upbeat as Profit Beats EstimatesTwo of Singapore&rsquo s largest lenders struck a cautiously upbeat tone after profit in the third quarter beat forecasts driven by gains on fees from wealth and lending, and lower provisions for bad loans. Oversea-Chinese Banking Corp., the city state&rsquo s second-biggest bank, reported a 19% rise in net income to S$1.22 billion ($904 million), while United Overseas Bank Ltd. posted a 57% jump to S$1.05 billion. Both results came in slightly ahead of analyst estimates. Earnings for both lenders were helped by their wealth businesses with OCBC&rsquo s income from insurance, private banking and other units making up 35% of the group&rsquo s income. UOB also saw higher fees from wealth and credit cards -- a key indicator of improved economic activity. Wealth fees rose almost 6%, while assets under management also expanded. The results reflect a growing optimism in Singapore where gross domestic product expanded 6.5% in the third quarter. The city state has been slowly recovering and gradually reopening its borders after a turbulent year when economies were hit by the global coronavirus pandemic. &ldquo Amid near-term uncertainties, the gradual reopening of borders bodes well for business flows and we remain positive of strong activities along the Greater China-Asean trade corridors,&rdquo UOB Chief Executive Officer Wee Ee Cheong said in the statement Wednesday, referring to the group of 10 Southeast Asian nations. OCBC CEO Helen Wong said the bank remains &ldquo positive on the long-term outlook but are watchful of the near-term headwinds from the pandemic.&rdquo Singapore&rsquo s largest bank, DBS Group Holdings Ltd., is due to report earnings on Nov. 5. |
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Adrianinsing
Elite |
03-Nov-2021 10:09
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So institutions will buy DBS at this time of year over the other two banks to put dividends on their books | ||||||||||||||||||||
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Adrianinsing
Elite |
03-Nov-2021 10:02
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I just realised something- Hmm I' m slow DBS is the only local bank that gives DIVIDENDS each quarter The other two ( UOB and OCBC) don' t give in 3rd Q as they only give End of year and half yearly. |
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FATABA
Supreme |
03-Nov-2021 09:58
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Certainly not surprise by the profit taking today after all the run up . All eyes will be on DBS this Friday . Unless a surprise ( extra divdiend which is very unlikely ) or a 1.8b profit ....I think DBS will be aro 32/32.50 Dyodd |
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FATABA
Supreme |
03-Nov-2021 08:34
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Yes, OCBC and UOB both beat the estimate which I claim is LOW. OCBC 1.22B UOB 1.05B Will DBS exceed $1.8B ? Happy investing.
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Adrianinsing
Elite |
02-Nov-2021 20:23
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I strongly advise to sell into strength next week Revised targets DBS 33.50 OCBC 12.54 UOB 28.00
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FATABA
Supreme |
02-Nov-2021 17:19
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DBS TO INVEST SGD 300 MILLION NEXT YEAR TO FURTHER BOLSTER DIGITAL AND INTELLIGENT BANKING CAPABILITIES *** Increased investment will go towards infrastructure, talent and technology to deliver hyper-personalised experiences to better serve wealth and retail customers across all digital and physical touchpoints Singapore, 2 November 2021 - DBS announced today that it will invest SGD300 million next year to grow the breadth and depth of its digital and Intelligent Banking capabilities powering all products and solutions for wealth and retail customers. This will also further bolster hyper-personalised experiences across the bank&rsquo s digital and physical touchpoints. The investment, which represents a 14% year-on-year increase, will go towards enhancing tech infrastructure and talent, embedding Intelligent Banking predictive technology in more financial solutions to better empower self-directed customers, and scaling the bank&rsquo s capabilities across both online and offline touchpoints across the region |
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Goldfinger
Supreme |
02-Nov-2021 17:11
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Sooo excited. Looking forward to the Big Bank results tomorrow and Friday. Everyone lots of luck!!! Hoping for big fat dividends from DBS and the rest. | ||||||||||||||||||||
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CheeryVGoh
Supreme |
02-Nov-2021 16:49
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Hope repeats same pattern. Big Huatness to all !
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Adrianinsing
Elite |
02-Nov-2021 16:45
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Last quarter GE poor results and OCBC shot to 12.77
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CheeryVGoh
Supreme |
02-Nov-2021 16:36
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GE' s Q3 results : https://links.sgx.com/1.0.0/corporate-announcements/C9BILFKWUBRY8ULB/689139_2021%20Q3%20Unaudited%20Financial%20Summary.pdf
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Adrianinsing
Elite |
02-Nov-2021 16:07
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2 August 2021 OCBC price 12.30 UOB price 26.13 DBS price 30.36 Now OCBC price 11.96 UOB price will 27.38 DBS price 32.07 OCBC is ridiculously under valued
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